Anthropic sets modest $1 trillion IPO valuation target in test of Wall Street's AI fervor
Anthropic's filing sets a $70–78 price band on 825 million shares, valuing it at up to $1.02 trillion and raising up to $64.4 billion, well short of the $1.5 trillion investors had discussed. A $26 billion cornerstone placement from Google, Nvidia, AMD and others lifts the total to $90.4 billion; third-quarter revenue rose 47% from the prior quarter to $16.96 billion.